After losing $141 million in 2021, Redbox revenue is expected to triple to $500 million under new parent company
Redbox stock was up more than 5X at one point after a subreddit movement emerged to squeeze short sellers
'They built their transactional video business, their PVOD business, their FAST TV business with 130 FAST channels,' he tells Next TV. 'That's a perfect fit for what we do with our multiple AVOD networks'
The transitioning -- and troubled -- video company has seen its stock price more than double since Friday
The amount of theatrical movie titles available to Redbox kiosks dropped 16%, but revenue declined a whopping 47%
So says the erstwhile App Annie (now 'data.ai'), which has some surprising data about the services consumers use the most
Redbox's 10% workforce cut comes just six months after its SPAC IPO. The company says COVID-related movie supply chain issues are killing its kiosks business
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